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Dude, how do you justify that? .08 would be a market cap of $360 mil
There are actions that can be taken - but I suspect it is difficult to win... Here is a quick summary of the CEO's legal obligations:
A CEO's legal responsibilities to his company's shareholders are broken down into three distinct fiduciary duties: the duty of care, the duty of loyalty and the duty of disclosure. The duty of care refers to the CEO's responsibility to consider all of the available information relevant to business decisions, including the advice of experts and employees. The duty of care also includes the responsibility to understand and evaluate the company's day to day operations and the terms of agreements. The duty of loyalty requires that a CEO always acts in the best interest of a business's shareholders, and that he places that interest above his own in business decisions. This includes the responsibility to avoid conflicts of interest. Finally, the fiduciary duty of disclosure mandates that a CEO fully inform both the board of directors and the shareholders about the major issues facing the business.
I agree. He told me a little over a month ago that he would update us 'soon'. I have since asked him what 'soon' means with no response. It's beyond frustrating to have a CEO who ignores shareholders.
Hopefully he will read it. I would add that by being silent for so long, he is breaching (or has breached) his duty to shareholders.... Which is illegal, btw
I don't know but I personally don't believe Sigur has anything to do with us. I think the deal fell apart. Just my opinion...
No. They are apparently offline.
Eh.... It's a so-so PR. It certainly won't help the PPS. And it's likely just enough to prevent any of us from suing BK. Quite a coincidence that it comes out just after some of us start discussing that.
Yep. Just like the Sigur Capital site... BK has a lot of explaining to do. The guy is violating every duty he has as a CEO in my opinion. If he continues like this, we should consider legal action.
Not Sigur Capital - it opened up months ago (with the same countdown and all) and has done nothing since... The one you are referring to is Sigur Holdings (www.sigurholdings.com)
Ok we are less than 24 hours away from the Sigur Holdings site supposedly going live. I predict nothing will happen when it counts down... I hope I'm wrong.
What are you basing this 'upcoming name and symbol change' on? A PR that's almost a year old and hasn't proven to be accurate at all?
I agree to an extent. But going silent and refusing to respond to emails is not cool at all. As shareholders, we have a right to ask. He works for us.
The problem is that he hasn't told us ANYTHING in a long time now. And he won't respond to emails like he used to. I don't have much faith...
You have seemed very confident of that ever since that countdown clock started... I sincerely hope you are correct.
All I can say at this point is that BK has a fiduciary duty to the shareholders of FDMF. *IF* he is doing other things that benefit him and not ultimately the company, then he is setting himself up for a nasty lawsuit. I am hoping we hear news soon to explain......
I don't have a lot of faith in the countdown clock. Sigur Palace counted down a long time ago and it is just sitting there with nothing going on. What reason do we have to think this Sigur Holdings thing has anything to do with us?
I hope you are correct...
Doesn't matter - it's not us... Unless there is news that we don't know about yet. The fact that BK is the CEO of Sigur Holdings has nothing to do with FDMF. BK is MIA right now and frankly I find that disturbing...
Sigur Palace website is counting down to tomorrow so maybe there will be some information - but I doubt it. The financials did say they expected the Sigur deal to close in the 1st quarter of this year but again, I wouldn't hold my breath on this one. Who knows...
None whatsoever. He has been bashing MINE constantly for quite some time. His tone changed a lot recently when the lawsuit filed against another basher (on another stock) came out but he appears to be back at it.
Basher lawsuit....
There are more than a few people on this board that should take a minute to read the Matt Finston (from twitter) lawsuit... They might think twice before posting obvious lies in the future.
$MINE wont be mentioned as such... But Vitamin Fizz will be. If this post by Big Red is what we all hope it is.
I'm up to 1,350,000. Added 50k today...
And yet people sell the stock... SO many in this one that just don't have a clue what they are hearing. I don't get it.
OK I don't post much on here or anywhere else, but it's hard to stay silent after that CC. First off, I don't have any ill will toward the day traders and flippers who sold this and made the price drop. That is their style and that is fine but this is an investment for me. I am looking at $12K or so in the red today and it doesn't even make me flinch. I have been in the business world for over 30 years (for what that is worth) and I have been around several start up companies; some that failed and some that went very well. I can tell you that what we just heard makes this an absolute no brainer for me. A top celebrity endorser? The 'possibility' of being picked up by one of the "big boys", wink wink, hint hint? There was a LOT said on that call if you know how to listen.
A year from now this will be like winning a small lottery for me and a really big one for some others...
Oh and to all the paid bashers - what a disgusting group of idiots you are...
If that is true, I'll be a millionaire (or more) on a less than $20K investment... Man, I hope you and the others calling for this are right!!!
Might as well add my 1 million to the tally. :)
Sykes is all about marketing and trying to gain followers/students. I think he is just trying to capitalize on these crashes for that purpose. The problem is that he is going about it in a childish, immature way. IMO he is just pissing people off rather than gaining anything...
Does anyone have a feel for how the dividend is going to play out?